FIRST ROBINSON FINANCIAL CORP
8-K, 1999-12-23
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                Date of Report (Date of earliest event reported)
                               December 15, 1999


                      FIRST ROBINSON FINANCIAL CORPORATION
- ------------------------------------------------------------------------
             Exact name of Registrant as specified in its Charter)


    Delaware                 0-29276                  34-4145294
- ------------------------------------------------------------------------
(State or other         (Commission File          (IRS Employer
 jurisdiction of             Number)            Identification
 incorporation)                                         No.)


501 East Main Street, Robinson, Illinois                 62454
- ------------------------------------------------------------------
(Address of principal executive offices)               (Zip Code)



Registrant's telephone number, including area code: (618) 544-8621
- ------------------------------------------------------------------

<PAGE>
ITEM 5.     OTHER EVENTS

     Attached as Exhibit 99 is the Registrant's press release dated December 15,
1999 announcing its intention to repurchase up to 5% of its outstanding  shares.
The stock  repurchase  will begin on  December 20, 1999 and conclude on June 20,
2000.


ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

     (c)    Exhibits

            The  exhibit  referred to in Item 5 of this Report and listed on the
            accompanying  Exhibit  Index is filed as part of this  Report and is
            incorporated herein by reference.


<PAGE>
                                    SIGNATURE


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

                            FIRST ROBINSON FINANCIAL CORPORATION



Date: December 21, 1999      By:   /s/ Rick L. Catt
                                  -----------------------------
                                  Rick L. Catt
                                  President and Chief Executive Officer


<PAGE>
                                  EXHIBIT INDEX



  Exhibit
  Number                           Description
- ----------       ----------------------------------------------------

    99           Press Release dated December 15, 1999




                                  NEWS RELEASE


FOR MORE INFORMATION CONTACT:
Rick L. Catt,  President                           FOR IMMEDIATE RELEASE
  And Chief Executive Officer                        December 15, 1999
First Robinson Financial Corporation
501 East Main Street
Robinson, IL  62454



                    FIRST ROBINSON FINANCIAL CORPORATION REPORTS
                            STOCK REPURCHASE PROGRAM


First Robinson Financial Corporation (the Company) (OTC Bulletin Board: "FRFC"),
today announced a stock repurchase  program for up to 5% of the Company's common
stock commencing  December 20, 1999 and concluding on June 20, 2000. The Company
may repurchase up to 34,574 shares of the Company's common stock.  Shares may be
purchased  from time to time,  in the open market,  when deemed  appropriate  by
management. A previous stock repurchase program which began December 6, 1999 has
been completed with the Company purchasing 36,394 shares of the Company's common
stock. The Company now has 691,477 shares outstanding.

On September 30, 1999, the Company had assets of $86.9  million,  liabilities of
$76.1 million and  stockholders'  equity of $10.8  million.  Through its banking
subsidiary,  First  Robinson  Savings Bank,  National  Association,  the Company
operates  three  full-service  offices and one  drive-up  facility in  Robinson,
Palestine and Oblong, Illinois.






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